https://www.taxtmi.com/news?id=13657 Decline in the gross domestic savings rate is attributed to lower corporate profits, greater public dissaving and reduced household financial savings due to inflation. The Union Budget 2014-15 proposes measures to boost savings: increasing the investment deduction under Section 80C, raising the individual tax exemption threshold, reintroducing Kisan Vikas Patra to mobilize small savings, promoting financial inclusion through Pradhan Mantri Jan Dhan Yojana, and pursuing fiscal consolidation to increase public saving. en-us Fri, 05 Dec 2014 17:57:44 +0530 Fri, 05 Dec 2014 17:57:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13657 Decline in the gross domestic savings rate is attributed to lower corporate profits, greater public dissaving and reduced household financial savings due to inflation. The Union Budget 2014-15 proposes measures to boost savings: increasing the investment deduction under Section 80C, raising the individual tax exemption threshold, reintroducing Kisan Vikas Patra to mobilize small savings, promoting financial inclusion through Pradhan Mantri Jan Dhan Yojana, and pursuing fiscal consolidation to increase public saving. News - Fri, 05 Dec 2014 17:57:44 +0530 https://www.taxtmi.com/news?id=13657